May 09
Zimbabwe: Parliament Concerned Over Continued Rejection of New ZiG Currency
New Zimbabwe
PARLIAMENT has expressed concern over the continued rejection of the newly launched Zimbabwe Gold (ZiG) currency by some traders. Read more »
May 08
Gambia: When Will the Old Currency Notes Be Fully Withdrawn From Circulation?
Foroyaa
The volume of currency notes in circulation and their value should be objectively monitored by the authorities of a state in order to protect the economy of such a state. The… Read more »
May 07
Nigeria: Nigerians React to New 0.5% Cybersecurity Levy
Premium Times
"The levy shall be applied at the point of electronic transfer origination, then deducted and remitted by the financial institution. The deducted amount shall be reflected in the… Read more »
May 06
Zimbabwe: Motorists Now Able to Buy Petrol, Diesel Using New ZiG Currency
New Zimbabwe
IN a major climbdown, Zimbabwean authorities, initially jittery to force petroleum dealers to accept the new ZiG currency, have announced motorists can now buy petrol and diesel… Read more »
Rwanda: Rwanda Names 'Sweet Spots' for National Digital Currency
New Times
The National Bank of Rwanda (BNR) says it has completed an initial feasibility study that is expected to serve as a basis for deploying its Central Bank Digital Currency (CBDC), a… Read more »
Rwanda: Rwanda's Leap Into Central Bank Digital Currency
New Times
Central Bank Digital currencies, which are a digital form of central bank-issued money, are being studied globally for their potential benefits ranging from preserving monetary… Read more »
May 05
Zimbabwe: Reserve Bank Clueless On Dealing With 'Big Fish' Fuelling Illegal Forex Trade
New Zimbabwe
The Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu last week struggled to present a concrete plan to deal with wealthy politicians and businesspeople pumping money into… Read more »
Zimbabwe: Newly Launched ZiG Currency to Breathe Life Into Ailing Economy - Finance Minister
New Zimbabwe
Minister of Finance, Mthuli Ncube says the country's economy is expected to rebound as a result of the newly launched gold backed currency, Zimbabwe Gold (ZiG). Read more »
May 03
Rwanda: Is the Proposed East African Single Currency a Pipe Dream?
New Times
Countries in the East African Community (EAC) want to adopt a single currency as part of the broader plans to integrate under a single market, and ultimately one region that trades… Read more »
East Africa: To Achieve Single Currency, EAC Must Move From Words to Action
New Times
Members are today, Friday, May 3, concluding a week-long meeting in Juba, South Sudan, which brought together central bankers from the East African Community (EAC) to discuss how… Read more »
May 02
Nigeria: Naira Abuse - Cubana Chief Priest, EFCC to Settle Out of Court
Vanguard
Cubana Chief Priest and the EFCC have agreed to settle out of court. Read more »
May 01
Zimbabwe: New ZiG Currency Notes, Coins Hit the Market
New Zimbabwe
The new Zimbabwe Gold (ZiG) currency circulation kicked off Tuesday as members of the public were able to withdraw the new notes and coins from banks across the country. Read more »
Zimbabwe: Zig Notes, Coins Rollout Brings Relief
The Herald
Zimbabweans yesterday began transacting in the newly introduced Zimbabwe Gold (ZiG) notes and coins in denominations ranging from ZiG1 to ZiG200, which have since gained acceptance… Read more »
Liberia: CBL Sets May 15 As Expiration Date for Old Bank Notes
Liberian Observer
The Central Bank of Liberia has set May 15, 2024, as the expiration date for the old Liberian Dollar banknotes, SL1 and SL2, printed during the administrations of former Presidents… Read more »
Nigeria: Naira Rebounds, Gains N28.15 Against Dollar
Vanguard
The naira closed the month of April on a good footing as it gained N28.15 at the official market, trading at N1,390.96 to the dollar. Read more »
April 30
Zimbabwe: Zimbabwe's Annual Inflation Surges to 57,5% As ZiG Knocks Down Monthly Rate
New Zimbabwe
THE yearly inflation rate for April 2024 increased to 57,5% on the back of expectations that it will decline significantly going forward owing to the impact of the newly introduced… Read more »
Zimbabwe: Zimbabwe's ZiG Currency Knocks Down Yearly Inflation to 3,2% - New Notes, Coins Released
New Zimbabwe
The recently introduced ZiG currency has exerted its impact on yearly inflation to 3,2% in a development consistent with current monetary trends, the Zimbabwe National Statistics… Read more »
April 29
Zimbabwe: Zimbabweans Short-Changed As ZiG New Currency Resistance Grows
New Zimbabwe
DESPITE the recent launch of Zimbabwe Gold (ZiG) currency by the Reserve Bank, many Zimbabweans are finding themselves priced out of the market yet again. Read more »
Nigeria: Why Naira Depreciated By 23% in 4 Days - Currency Dealers, Analysts
Vanguard
A surge in demand for dollars in the parallel market driven by banks and end-users combined with slow forex disbursement to BDCs by the Central Bank of Nigeria, CBN, caused the… Read more »
Zimbabwe: The Promising Horizon of Zimbabwe's Gold-Backed Currency
The Herald
Zimbabwe has taken a bold step forward with the introduction of its new gold-backed currency, the Zimbabwe Gold (ZiG). This move, underpinned by significant local, regional and… Read more »
April 28
Nigeria: Naira Rebounds, Sells for 1,280/$ At Parallel Market
Daily Trust
The Naira yesterday recovered against the US dollar at the parallel market as it appreciated to N1280/$, according to market information obtained by Nairametrics from currency… Read more »
April 27
Zimbabwe: Reserve Bank Governor Asks MPs to Market ZiG in Communities
New Zimbabwe
RESERVE Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has appealed to Members of Parliament (MPs) to educate communities on the newly introduced currency, Zimbabwe Gold (ZiG). Read more »
April 26
Zimbabwe: Heads Will Roll - Vice President Chiwenga in Stern Warning to Gold Smugglers, Illegal Forex Traders
New Zimbabwe
Vice President Constantino Chiwenga has issued a stern warning to gold dealers and black market forex traders adding that strict measures will be put in place to curb leakages and… Read more »
April 25
Nigeria: Naira Stability Only Guarantee to Attracting Investments - Experts
Daily Trust
Experts in the trade and investment sector have called on the federal government to by all means maintain a level of stability in the forex market to guarantee meaningful… Read more »
April 24
Zimbabwe: Legislators Grill RBZ Governor Mushayavanhu Over ZiG's Failure to Purchase Fuel
New Zimbabwe
The Reserve Bank Governor (RBZ) John Mushayavanhu has said fuel pricing is being negotiated with suppliers and the outcome of the meetings will soon be made public. Read more »